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Volvo's Financial Renaissance: 2023 Sees Highest Profit Rise in Nearly a Century

The Truth About Cars

Photo credit: Jonathan Weiss / Shutterstock.com Volvo Cars experienced a robust financial year in 2023, marked by a substantial increase in annual revenue and a notable rise in the sale of fully electric cars. The company's financial success is highlighted by an increase in annual revenue to SEK 399.3 billion, up from SEK 330.1

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BMW Group enters long-term €2B supply contract with Northvolt for battery cells from Europe

Green Car Congress

The battery cells will be produced in Europe at the Northvolt gigafactory currently under construction in Skellefteå in northern Sweden (series plant Northvolt Ett) from 2024. Northvolt will obtain 100% of the energy needed to produce the battery cells regionally in northern Sweden and exclusively from wind and hydroelectric power.

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First Fast-Charged Hybrid Bus Debuts in Umeå, Sweden with Opbrid Bsbaar

Green Car Congress

The world’s first fast rechargeable hybrid bus is now being tested in Umeå City, Sweden in a collaboration between the companies Hybricon AB, Opbrid SL, e-Traction BV, Umeå Energi AB and the Umeå City Corporation.

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Nevs in strategic cooperation with China’s State Grid for EVs

Green Car Congress

National Electric Vehicle Sweden AB (Nevs) and State Grid Electric Vehicle Service Co., have signed a Strategic Cooperation Framework agreement under which State Grid will use Nevs as a preferred partner for mobility solutions and as a supplier of electric vehicles. State Grid Electric Vehicle Service Co.,

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

Honda of America plans to sell 2 fully electric SUVs in 2024, Based on GM’s Ultium Platform – Honda confirmed plans to sell two all-electric SUVs in the US for the 2024 model year, and it soon will offer hybrid gas-electric versions of its top-selling models. March 14, via CleanTechnica.

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